THE MINNOWBURN TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The trustees present their annual report and financial statements for the year ended 31 August 2023. The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the Trust's trust Deed the Charities AGt { NI} 2008, and "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to Charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (as amended for the accounting periods from 1 January 2016). Objectives and activities The purpose of the Trust is to distribute funds it receives to charitable causes that will achieve its objectives which are.. To promote access to the Bible and Biblical teaching worldwide especially to children and young people and where such materials and methods are not readily available. To provide practical training and support for Christian workers worldwide, especially where such support is difficult to obtain. To facilitate the wellbeing and education of disadvantaged people and people groups worldwide from a Christian perspective, especially where such resources are not available. Achievements and perforniance Significant activities and achievements against objectives Summary of Activities 202212023 The main achievements of the Trust during the year to further its charitable purposes for the public benefit are as follows.. Scripture Union Northern I￿land {SUNI}- follow up on SUNI achievements. Beneficiary Summary The mission of SUNI aligns with the purpose of the Minnowburn Trust as it seeks to advance the Christian faith within Schools by.. Promoting the Bible as God's word and the only source ofTruth and Life. Reaching pupils with the Good News of Jesus. Supporting and encouraging Christians serving God in schools. The SUNI also organises residential camps and missions Whe￿ young people engage in several activities and experiences that all centre around teaching the Christian faith. The Trust has followed up with SUNI and is satisfied that the gifts supplied in previous years have been used wisely and in keeping with the Trusts intentions. SUNI have provided a written report of the progress of the projects that have been supporied by the trust, they have thanked the trust for their continuing interest. Child Evangelism Fellowship (Ireland) - follow up on achievements. Beneficiary Summary Child Evangelism Fellowship is a Bible-centred organisation, whose purpose is- To evangelise boys and girls with the Gospel of the Lord Jesus Christ. To edify (disciple) them in the Word of God. To establish them in a local church to help with their various children's programmes. THE MINNOWBURN TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 The Child Evangelism Fellowship endeavours to achieve this through various ministries to children and young people, including residential and non-residential Bible clubs, and provides subject matter Christian teaching Wlthin schools. Beneficiary Impact I benefit During the year 2022123 the Trust supported the funding for designated CEF staff through the shortfall scheme designed to channel support to European workers who find themselves without sufficient support. The Trust has been kept informed as to how this scheme had progressed and is satisfied that the otye¢tives were met and that workers received improved support as a result. Helping Hands Healing Hearts- follow up on achievements. Helping Hands is a Christian faith-based ministry established to provide support to disadvantaged children in the Philippines. Vision To see children accessing their right to life, right to be part of a family and right to protection from harm when that right is in jeopardy due to illness, abandonment, neglect, abuse, or poverty. We also envision a system whereby children are enabled to aC￿sS appropriate health ca￿, shelter and education tailored to meet their specific needs. Mission As a Christian organization, we offer practical, emotional, spiritual and medical assistance as well as temporary shelter and long-term residential care to children in various crisis situations. Goalslspecific Objectives- To advocate for sick children and their families. To help children get back to full health and able to thrive. To provide temporary shelter for sick children during and following their treatment until they are well enough to return to their own families or can be referred to other institutions for continuity of care. To offer a viable third option to families of children with terminal illnesses who do not want to let their child die in hospital or at home by offering a °Hospice Care. program. To make sure children carry on their education at whatever level they can manage throughout their illness. To provide a supportive counselling service in conjunction with the DSWD to clients who are victims of abuse and then later direct them to appropriate organizations that will caler more specifically to their needs once their physical wounds have been mended. To help indigent patients and their families by empowering and enabling them to network and draw on resources from other useful. appropriate organizations such as PCSO, DSWD, local churches and the Mayor's offi￿ throughout theirjourney through illness and recovery. To keep families together wherever possible. Beneficiary Impact I benefit Helping Hands has developed a Child recovery Unit located at Baguio. The children are often referred to the Helping Hands CRU on discharge from the hospitals located wilhin the city. Recently this mission has begun to construct their own purpose bult premises. The Trust followed up on the work of Helping Hands during the year and can report that it is satisfied that Helping Hands used any funding received for the purposes that it was intended. Ministers I Pastors - Overseas based follow up on achievements. The Trust has supported several Ministers and Pastors who work mainly in Europe and Middle East regions over a period of many years and has been kept informed as to their progress. THE MINNOWBURN TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Pastor TK- Eastern Europe Pastor TK lives in Ukraine and his ministry seeks to advance the Christian Gospel through sport and through relationships developed with groups and individuals through sport. TK has been ministering to men in the Ukrainian Defence Forces since the Russian invasion. Previously the Trust supported Pastor TK and has been kept updated on his work, the Trust is satisfied that the support provided was used as intended. ML- Christian Youth leader Central Europe ML is a Christian youth leader and worship leader. He leads evangelical crusades throughout his cojntry and other countries of central Europe where he speaks at conferences, festivals, and services and his lead worship. The Trust funds provided previously have helped fund outreach in villages throughout these Countries. The Trust has been kept updated on his work. the Trust is satisfied that the support provided was used as intended. Pastor SS- Eastern Europe The ministry of Pastor SS includes leading discipleship courses via home groups and via the internet, mentoring youth pastors throughout his region and speaking at Christian cOnferen￿S and services. He has a special focus on family worship. The funds donated by the Trust in the past have helped Pastor SS write and publish a book about fanily worship, the proceeds of which have been given to Christian outreach and povety support programs within his region. SS has been involved in the Ukrainian situation helping and encouraging refuges and churches. He has recently written book with details where God has been at work in many ways during the Ukrainian war. The Trust has been kept updated on his work, the Trust is satisfied that the support provided was used as intended. Pastor ST- Eastern Europe Somalia (Sami) is a Pastor who lives in Cluj Romania his ministry includes pastoring a Pentecostal Church in Craiova (Southern Romania) as well as overseeing several smaller village churches. He distributes food aid lo the poorest in the local villages. He visits a Young Offenders establishment to minister to the spiritual needs of the inmates. The support of the trust has helped launch a farm project and transport volunteers to and from the region. The Trust has been kept updated on his work, the Trust is satisfied that the support provided was used as intended. Pastoral Worker- Middle East This pastorl teacher is based in the UK and travels to provide much needed support and teaching to other Pastors who are based throughout regions where the Christians are persecuted because of their faith. The trust has supported this worker and enabled him to support others financially and spiritually. The Trust has been kept updated on his work, the Trust is satisfied that the support provided was used as intended. Wycliffe Bible Translators The Trust supported Wycliffe projects previously and has been updated concerning the progress of these projects which is a great source of encouragement. Wycliffe provide Bible translation and training directly and in conjunction with other ministries. The Trust is satisfied that the support provided was appreciated and was used as intended. Ministry to provide schools in India. The Trust supported the construction and operation of schools for underprivileged people in India. Many of the children who passed through the schools are now qualified professionals. The mission involved provides regular updates on their progress to the Trust and the Trust is satisfied that the funding provided was used as intended. Future Support The Trust regrets that it has been unable to provide continuing support to these causes and hopes to be able to resume funding soon. Meanwhile the Trust continues to take an interest in the organisations and individuals mentioned in this report. THE MINNOWBURN TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Financial review The Trust accepted donations of £5,000 (2022.. £Nil) and funding of £3,811 (2022: £100) was provided (including support costs) in the year. Going concem Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they Continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis Can be found in the accounting policies. ReseThes policy Reserves PoliGy For the Trust to continue its work reserves are kept at an adequate level to cover the regular payments required to keep payments committed to for the financial year. un￿strIcted reserves at the balance sheet date total £50,018 (2022- £48,829). Fair Value Reserves at the balance sheet date total £2,764,317 {2022- £1,138,761) Principal funding sources Principal sources of Income Harvey Group plc is the Trusts sole funding source. The level of donations received from this company each year is dependent on the company's performance. structure, governance and management The Tnjst is an unincorporated charity set up by way of Trust Deed dated 2nd July 2010 to hold the assets of the trust. The trustees who served during the year and up to the date of signature of the financial statements were.. Mr B Harvey Mrs C Harvey Mr G Montgomery Mr K Forbes Recruitment and appointment of tnistees Methods of appointment or election of Trustees The requirement for Trustees and the skills required are kept under continual review. Due to the limited activity of the Trust at present there isn't a requirement for any additional trustees. None of the Trustees has any beneficial interest in the ¢harity- How decisions are made All decisions in respect of revenue expenditure from the Trust funds are taken by the Trustees by majority vote. In the case of equality of votes. Mr B Harvey has the Casting vote. The Trust actively monitors the skills and experience of the Trustees to ensure that adequate support and training is provided were neGessary. Training has been provided to the Trustees and further Iraining will be provided as required. Dividends No preference dividends were paid, and the Trustees do not recommend payment of a final dividend. Restrictions on who can benefit. Beneficiary selection will follow a formal process of due diligence and approval to pr&determined beneficiary selection criteria set in accordance with meeting the purposes of the Trust as set out in the Trust Deed. THE MINNOWBURN TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Relationships with related parties The Trust has a 67°k shareholding in Harvey Group plc which is held for investment purposes. The Trust is dependent on the income received from Harvey Group pl¢ to make ¢haritable donations. Harvey Group have not been able to make any donations in the year under review. Compliance with HMRC and Charities Commission The trust complies with HMRC and CCNI regulations and guidelines. Risk l Harm Continued Compliance with th8 relevant regulatory and statutory requirements. Training is organised with a suitably qualified service provider to conduct a training l awareness training as required. Date Protection I Communication with beneficiaries In some circumstances beneficiaries of the Trust might be working in certain regions I countries where the nature of their work might risk religious persecution. The Trust has sought to protect the identity of organisations and individuals in this report. Private Benefit The trustees have taken the necessary steps to ensure that there has been no direct Private benefit realised because of our support of our various beneficiaries. Statement of Compliance In setting our Objectives and planning our activities for the year, the Trustees have considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepled Accounting Practice). The law applicable to charities in Northern Ireland requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP (FRS 102}', make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. THE MINNOWBURN TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 The trustees, report was approved by the Board of Trustees. Mr B Harvey Trustee 30 August 2024